Metaverse: Because people and businesses spend millions to buy virtual real estate

Metaverse: Because people and businesses spend millions to buy virtual real estate

  • Theo Tzanidis
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virtual house

credit, Getty Images

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In recent months, significant investments have been made in virtual land in the metaverse.

The idea of ​​spending thousands or even millions of dollars to buy fictitious “land” in a virtual world sounds, so to speak, clearly associated.

But in recent months, we have seen significant investments in virtual land in the metaverse. PwC Consultancy is among the latest companies to take the plunge, having acquired real estate in The Sandbox, a virtual gaming world, for an undisclosed amount.

If other reported sales are any reference, there must be a considerable amount of money. Recently, someone bought land in Snoopverse – a virtual world that rapper Snoop Dogg is developing in The Sandbox – for $ 450,000.

Meanwhile, the Metaverse Group, a real estate company focused on the metaverse economy, has acquired land in Decentraland, another virtual platform, for $ 2.43 million.

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